Broke the uptrend line... Retraced to .382 We bit of a red down bar there laddie'... <IMG SRC="http://www.elitetrader.com/vb/attachment.php?s=&postid=1758395"> <img src="http://www.enflow.com/p.gif">
In one bar we definitely broke the uptrend line... Usually you have a retracement back up to the uptrend line after decisively breaking it and then the devastating move down... but if this move down this month is the precursor... time for some maalox...